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October 17, 2019

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iQiyi investment plans

iQiyi, one of China’s leading online websites, will invest heavily on tech innovation and content production, including a 20 billion yuan (US$2.86 billion) investment on content in 2019, the company’s top executives said in Shanghai yesterday.

Artificial intelligence and 5G technologies will be a key player in the industry, covering content production, video recommendation, advertising sorting and programs distribution, said Gong Yu, chief executive of Nasdaq-listed iQiyi. Meanwhile, iQiyi also plans to invest 20 billion yuan on content production in 2019.


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